CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
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Close: Mongolia Related ASX Listed Companies, April 1, 2010 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.068 | 0.000 | 0.070 | 0.065 | 0.000 | 0.000 | 0.000 | 0 | |
1.650 | 0.155 | 1.650 | 1.660 | 1.480 | 1.650 | 1.475 | 2,923,276 | |
0.460 | 0.010 | 0.460 | 0.480 | 0.450 | 0.460 | 0.425 | 399,464 | |
0.965 | -0.035 | 0.960 | 0.985 | 1.010 | 1.010 | 0.960 | 990,464 | |
0.400 | 0.000 | 0.400 | 0.500 | 0.400 | 0.400 | 0.400 | 64,000 | |
0.020 | 0.002 | 0.018 | 0.020 | 0.018 | 0.020 | 0.018 | 1,174,082 | |
0.007 | 0.000 | 0.006 | 0.007 | 0.000 | 0.000 | 0.000 | 0 | |
0.220 | 0.005 | 0.215 | 0.220 | 0.215 | 0.225 | 0.210 | 837,296 | |
0.900 | -0.045 | 0.900 | 0.920 | 0.930 | 0.990 | 0.890 | 6,147,652 | |
0.330 | 0.030 | 0.320 | 0.330 | 0.300 | 0.330 | 0.300 | 1,791,930 | |
0.625 | 0.035 | 0.610 | 0.630 | 0.590 | 0.625 | 0.575 | 1,056,500 | |
29.660 | 0.170 | 29.610 | 29.680 | 29.600 | 29.790 | 29.350 | 1,920,100 | |
84.850 | 0.100 | 84.850 | 84.900 | 84.880 | 85.250 | 84.650 | 2,024,049 | |
46.680 | 0.120 | 46.670 | 46.700 | 46.460 | 46.900 | 46.420 | 12,273,261 | |
Source: asx.com.au
Guildford Coal (ASX:GUF) To Acquire Significant Thermal And Coking Coal Assets In Mongolia
Sydney, Mar 31, 2011 (ABN Newswire) - Guildford Coal Limited (ASX:GUF) has reached a binding agreement for the acquisition of a 20% stake in Terra Energy LLC, a Mongolian based company that holds exploration permits containing two potentially significant thermal and coking coal projects in Mongolia. Guildford also has the option to increase its stake to 70% within 6 months from the commencement of drilling, which is scheduled in April 2011.
Link to company release & Mongolia Acquisition Presentation
Mongolia to be Transformed into a Nation of Shareholders
Apr. 1 (2point6billion) – As was predicted by Chris Devonshire-Ellis in his recent article Putting the Wolf to Work – Reform in the Mongolian Economy, the government of Mongolia has stated today that every citizen is indeed an owner of the state-owned Erdenes TT deposit, and that shares in this will be distributed to every citizen. The format will be as follows:
· Each Mongolian (2,796,341 citizens) will receive 536 shares, 1.5 billion shares will be divided
· Strategic deposits will be put into production in stages and profits from natural resources will be distributed in fair, equal and inclusive manner to every citizen
· The exact price of the share will be determined at the time of the global IPO of Erdenes TT
· To protect citizens from risk, citizens will not be permitted to sell shares until price of shares have stabilized in a realistic manner after extraction and coal exports stabilize; paved roads, railroads, and power supply are resolved; and construction of CHPP started
· The GOM will regularly inform about the process of putting TT into production in order to make it transparent, open and understandable
· However, citizens being shareholders must be responsible themselves and exercise supervision, this possibility will be opened to each citizen/shareholder, mistakes of past privatization will not be repeated
· State and government will pay attention to knowledge and education of citizens/shareholders about capital market and citizens/shareholders should do their best as well
· The TT project will be developed as a model for future projects
· Distribution of TT shares will be organized by the State Property Committee, State Registration Agency, Central Depositary of Securities Payments and Clearances and Labor, Welfare and Service Agency. Record of share ownership is to be made at the Human Development Fund record book for each citizen
· The next step (of many to be done) is the selection of investor and contractor, preparation of technical and economic justification (related to feasibility study) and IPO on MSE and international stock exchange
These steps will effectively make every Mongolian citizen a wealthy individual and, if successful, may well be extended to the sharing in a similar manner of other state owned assets.
Voyager Resources in pre-open pending capital raising announcement
March 31 (Proactive Investors) Voyager Resources (ASX: VOR) has been granted a trading halt by the ASX pending an announcement on a 'significant' capital raising.
The company did not elaborate on where the potential new inflow of funds will be allocated, but Voyager did acquire a highly prospective copper gold project in Mongolia in December last year.
Voyager acquired 100% of the Khongor Copper Gold Porphyry Project, located in the World Class Oyu Tolgoi Copper Belt of the South Gobi Province.
Early diamond core drilling shows extensive zones of mineralisation, with results including:
- 50 metres at 1.0% copper and 0.3 grams per tonne (g/t) gold from 64 metres; and
- 70.3 metres at 0.7% copper and 0.2g/t gold from surface.
Surface trenching identified:
- 18 metres at 1.33% copper and 0.32g/t gold; and
- 18 metres at 1.84% copper and 0.43g/t gold.
Khongor has a mineralised strike length of over one kilometre, identified from geological mapping and sampling, which Voyager said is broadly coincidental with a large induced polarisation chargeability anomaly that extends for over 1,600 metres by 380 metres.
Voyager also recently received two ASX 'speeding tickets' for share price spikes.
Credit Suisse Increases Haranga Stake to 6.1%
March 31, Haranga Resources Limited (ASX:HAR) --
Alamar: MRC Settlement and capital raising update
April 1, Alamar Resources Limited (ASX:ALG) –
· The Company and MRC are moving towards settlement;
· Settlement is now planned to occur on or before Friday 8th April;
· Due to the delay to the settlement date, the capital raising is now anticipated to close on or about Friday 8th April.
SouthGobi Resources Announces Updated NI 43-101 Compliant Coal Resources and Reserves for Its Ovoot Tolgoi Complex in Mongolia
Measured Plus Indicated Increase by 7% to 266.2 Million Tonnes and Inferred Increase by 190% to 97.1 Million Tonnes
Updated NI 43-101 Compliant Coal Resource for Soumber Deposit-Measured Plus Indicated Increase by 187% to 61.4 Million Tonnes and Inferred Increase by 19% to 65.8 Million Tonnes
HONG KONG, CHINA--(Marketwire - March 30, 2011) - SouthGobi Resources Ltd.(TSX:SGQ)(HK:1878) announced today that new, independent estimates prepared by Minarco-MineConsult ("MMC"), have updated coal Resources and Proven and Probable Mineral Reserves contained at the Company's Ovoot Tolgoi Complex, (comprised of the Ovoot Tolgoi Coal Mine and the Ovoot Tolgoi Underground Deposit). Independent estimates for coal Resources have also been updated by MMC for the company's Soumber Deposit (comprised of the Soumber Field and the Biluut Field).
Total Proven and Probable surface coal Reserves estimated at the Ovoot Tolgoi Complex as of December 11, 2010, are estimated to be 106.8 million tonnes (Table 4). Approximately 59% of the Reserves are classified in the Proven reliability or assurance category; the remaining 41% are in the Probable category.
…
Link to Ovoot Tolgoi Technical Report
Link to Soumber Technical Report
Related article:
SouthGobi Resources Announces Promotion of Curt Church to Chief Operating Officer – Marketwire, March 30
SouthGobi Resources Consolidated Financial Statements, December 31, 2010
March 30, SouthGobi Resources Ltd. --
Related reports:
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS – SouthGobi, March 30
Notice of Annual General Meeting, to be held on May 17, 2011 – SouthGobi, March 30
Annual Information Form, for the year ended December 31 – SouthGobi, March 30
Deputy CEO of En+ Group of Companies Joins Prophecy's Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) - Prophecy Resource Corp.(TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) ("Prophecy" or the "Company") is pleased to announce the appointment of Mr. Jivko Savov as a non-executive director of the Company.
Mr. Savov spent over 12 years in the energy and power sector within asset management, business development and structured finance roles across a number of international companies. Currently, Mr. Savov is Deputy Chief Executive Officer of En+ Group and is in charge of capital markets and fund raising activities. Mr. Savov served as a Managing Director of Power and Energy at En+ since joining in 2006, and as a Chairman and Deputy Chairman of EurosibEnergo.
…
Mongolia to Bring Together Investors in Sainshand
April 1 (UB Post) In 2010, the Government of Mongolia decided to make Sainshand, the center of southern province Dornogobi, an Industrial Hub, in line with its Southern Region’s Infrastructure Development Program and the State Policy on Railroad Transportation.
As Sainshand Industrial Hub is very ambitious and the biggest project ever involving billions of dollars; local as well as international investors are keeping a close watch on it.
With the purpose of promoting the Sainshand project and other related projects related with Dornogobi such as, Tavantolgoi-Zuunbayan-Sainshand Rail Line, Zamyn-Uud Free Economic Zone and activities of Zamyn-Uud and Khangi Border Checkpoints the Government has decided to host an Investors Forum “Development Zone-Dornogibi” in Sainshand on April 15.
In order to attract international and local investors. More than 350 delegates including government officials, foreign ambassadors, as well as international and local investors, are expected to attend the event.
The Government approved in 2010 the National List of 26 Priority Projects, 11 of which will be implemented in Dornogobi Province.
Consequently, detailed study of the Sainshand Industrial Hub project is underway and the track for a 400km long Tavantolgoi-Zuunbayan rail line was approved recently.
So far, a general consultant for Sainshand Industrial Hub’s study has been selected and the parties will soon sign relevant contract. According to draft version of the contract, the study is scheduled to be complete in six months.
Mongolia May Store Region's Spent Nuclear Fuel, Senior U.S. Official Says
March 31 (Global Security Newswire) WASHINGTON -- The Obama administration has held informal talks with Mongolia about the possibility that the Central Asian nation might host an international repository for its region's spent nuclear fuel, a senior U.S. diplomat said yesterday (see GSN, March 9, 2010).
U.S. Energy Department officials and their counterparts in Ulaanbaatar, the Mongolian capital, are in the early stages of discussion and there has been no determination yet about whether to proceed with the idea, according to Richard Stratford, who directs the State Department's Nuclear Energy, Safety and Security Office.
…
Energy Department officials traveled to Mongolia last fall for meetings on the matter, according to Mark Hibbs, a senior associate with the Nuclear Policy Program at the Carnegie Endowment for International Peace. He chaired the discussion on nuclear cooperation.
"It was a fruitful discussion," Hibbs told GSN yesterday. "They went into some details [but] it was very exploratory."
…
New MPRP Seeks Supreme Court Registration
April 1 (UB Post) The Supreme Court of Mongolia will hopefully register the newly-formed MPRP as the 18th political party in the country, said Ts. Shinebayar, MPRP’s Deputy Chairman.
“The Supreme Court did not reject the MPRP’s application for registration in the given legal deadline, which means the MPRP should automatically be registered, he stressed.
According to the law on political parties, the Supreme Court must decide a political party’s application for registration within thirty business days. “The deadline is over and what we know is our application is not rejected” said Shinebayar.
“We will intensify our activities and open branches in rural provinces” he concluded.
At the end of 2010, few members of Mongolian People’s Party, then-Mongolian People’s Revolutionary Party, left their old party and formed their own party.
One of them was well-known political figure of the country N.Enkhbayar, who is ex-president of Mongolia and ex-chairman of today’s MPP.
FACTBOX-Key political risks to watch in Mongolia
BEIJING, April 1 (Reuters) - Remote and landlocked Mongolia sits on vast quantities of untapped mineral wealth, and foreign investment in a number of gigantic mining properties is expected to transform its tiny economy in the next decade.
Analysts say it could become one of the world's fastest growing economies and it is already a key investment target for resources giants like Rio Tinto and Peabody Energy .
Mongolia aims to become a major force in the regional coal market by developing the billion-dollar Tavan Tolgoi or "Five Hills" mine, the world's biggest untapped deposit of its kind.
Erdenes MGL, the mine's operator, has chosen banks to list the eastern part of property in the first half of next year, and a shortlist of investors for the western section has also been drawn up, including consortia from Japan and South Korea as well as Peabody, Xstrata and ArcelorMittal . [ID:nL3E7E70CI]
The $6 billion Oyu Tolgoi project, jointly owned by Toronto-listed Ivanhoe Mines , Rio Tinto and the Mongolian government, will be the world's biggest copper mine outside top producer Chile once full operation starts in 2013.
…
Following is a summary of key Mongolia risks to watch:
…
Mobicom Selects ValidEdge for its Security Operations Center
PRLog (Press Release) – Mar 30, 2011 – ValidEdge today announced that Mobicom Corporation, the first and biggest mobile service provider in Mongolia, has selected ValidEdge for malware analysis in its security operations center. ValidEdge MIS analyzer is a next-generation malware research lab-in-a-box that fully reveals the current and potential intentions of malicious code with its innovative analysis engines for real-time classification, decryption, unpacking, reverse engineering and combined dynamic and static analysis. Mobicom will use the information produced by the ValidEdge MIS analyzer to improve the security posture of its mobile service network.
“We are committed to providing the highest level of security to our network. ValidEdge will enhance our ability to detect and analyze unknown malware and viruses,” said Ganbold Ts, director of the Information Technology division, at Mobicom Corporation.
…
<Mogi & Friends Fund A/C>
-1%, March 31-April 1
Mogi & Friends Fund is a tiny fund of A$20.8K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.
Q2 starting off in red.
Good news is that I have firm commitments from 2 more new investors. Will update.
Mogi
Disclosures
· I personally and through my “Mogi & Friends Fund” hold 75,000 HAR shares in aggregate.
· Jason Peterson, CPS Securities Director, holds shares (approx. 6,500,000) and options (1,000,000) in HAR.
· CPS holds 500,000 options in HAR for corporate advice provided to HAR – Jason Peterson is a 33% shareholder in CPS.
· CPS and CPSI directors and employees hold shares in HAR and may buy and sell these shares as and when they see fit.
· CPS has received an IPO management fee of $250,000 and a 5% fee for any funds placed to its clients under the prospectus.
· HAR has paid for Jason Peterson’s travel and accommodation expenses to and in Mongolia – this must be disclosed as a soft dollar commission.
---
"Mogi" Munkhdul Badral
Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
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Suite 906 · Central Tower · 2 Sukhbaatar Square
Sukhbaatar District 8 · Ulaanbaatar 14200 · Mongolia
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
Disclosure/Disclaimer
CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.
CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.
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